Why Casey's General Stores Shares Are Shooting Higher Today
Portfolio Pulse from Shivani Kumaresan
Casey’s General Stores Inc reported a Q1 FY24 sales decline of 13.2% YoY to $3.87 billion, missing the analyst consensus of $3.89 billion. However, inside same-store sales increased 5.4% and gross profit rose 10.3% YoY. The company beat EPS estimates with $4.52 against the consensus of $3.38. The company maintained its fiscal 2024 outlook and plans to add at least 150 stores.
September 12, 2023 | 2:11 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Despite a sales decline, Casey's beat EPS estimates and plans to expand, which could boost investor confidence.
Casey's reported a sales decline, which is generally negative. However, the company beat EPS estimates and announced plans for expansion, which are positive signals that could outweigh the negative impact of the sales decline. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100